Dislikedwell no TP on GU is not a good strategy either because very rarely does it make more than 50 anyway.....more often than not it hits the 50 and towards the end of the day goes to less than that again.....so i don't understand why you think my TP and SL is a bad strategy with only 55% win ratioIgnored
I am not trading live this method. Will test this on demo for six month and then decide whethere to trade it or not. I am not looking for big profit, only 100 pips a month is enough for me. This method has 190 pips maximum drawdown so far (based on my rule). Considering 4 time maximum drawdown (worst case), it can have 800 pips drawdown. Risking 800 pips and still earning 1200 pips per year is not a bad idea.
Result so far:
April 360 pips
May -5 pips
June 134 pips (so far)
MQ
"Those who see Invisible can do Impossible."
-Rev. Dadaji